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8,900 sqft

$450,000

1407 NW 2nd St, Madison SD, 57042

Price per sqft$50.56
Built in1975
Property size8,900 sqft
Property typeCommercial
Listed by Justin Garry with Hegg, REALTORS Listing Contact: OFFICE: 605-336-2100

Overview

Active

Active - Active

Listed May 21, 2026

Updated Sep 2

Opportunity is knocking with Nicky’s Restaurant and Lounge—a well-known local destination with 50 years of history, loyal community recognition, and endless potential for its next owner. Known for great food, drinks, and gatherings, this established venue has long been a go-to spot for celebrations, meetings, events, and nights out. With more than 8,900 square feet of space, the property offers incredible flexibility and room to grow. The layout is designed to support weekly and monthly functions, private parties, banquets, community events, business meetings, or an expanded restaurant and entertainment concept. Whether you want to continue a trusted local legacy or bring a fresh new vision to the space, this property gives buyers a strong foundation with the size, visibility, and amenities to make it happen. The building includes a bar and restaurant area, full kitchen, two meeting rooms, a large banquet room, and two sets of bathrooms. The liquor license and most furniture, fixtures, and equipment are included, helping make the transition easier for the next owner. An additional lot west of the building is also available, offering even more opportunity for parking, expansion, or future development.

Additional information

MLS® ID
22603605

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.34 Acres

Other Property Details

Taxes
$5,831
Tax Frequency
Annually
MLS provider logo

Listed by Justin Garry with Hegg, REALTORS Listing Contact: OFFICE: 605-336-2100 

The IDX display contains information sourced from the REALTOR® Association of the Sioux Empire as of 9/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 REALTOR® Association of the Sioux Empire all rights reserved.

Data last updated on 9/2/2026 at 5:47 PM UTC

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